Mumbai, May 4 (BNP): The banking and insurance regulators in India are not in favour of allowing banks and insurance companies to participate in commodity derivatives markets, according to Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey. Speaking at the IMC Capital Market Conference 2026 in Mumbai, Pandey said that both the Reserve Bank of India (RBI) and the Insurance Regulatory and…
90 Years of Odia Cinema: Infrastructure Crisis Clouds Milestone!
Bhubaneswar, May 4 (BNP): The Odia cinema industry has completed 90 years of its journey, tracing its origins to the release of Sita Bibaha on April 28, 1936, at Laxmi Talkies. While the milestone marks a proud cultural legacy, the industry today stands at a critical juncture, grappling with a sharp decline in infrastructure and exhibition capacity across Odisha. Once supported by a network of…
India’s Small Businesses Benefit as Digital Access Widens
New Delhi, May 4 (BNP): The rapid expansion of digital infrastructure and internet access is playing a key role in strengthening small business growth across India, enabling entrepreneurs to reach wider markets and improve operational efficiency. Increased adoption of smartphones, digital payment systems, and online platforms has helped small and medium enterprises (SMEs) expand their customer base beyond local boundaries. This shift has also improved…
Gold Futures Decline to INR 1.50 Lakh on Global Cues
New Delhi, May 4 (BNP): Gold prices declined in futures trade on Monday, tracking weak global cues as a stronger US dollar and rising crude oil prices weighed on bullion demand. On the Multi Commodity Exchange (MCX), gold futures for June delivery fell by ₹1,149, or 0.76 percent, to ₹1,50,203 per 10 grams, with a total trading volume of 9,510 lots. The decline comes after…
India’s Remittances Remain Resilient Amid West Asia Tensions, Says Morgan Stanley
New Delhi, May 4 (BNP): India’s remittance inflows continue to remain strong despite ongoing geopolitical tensions in West Asia, although policymakers may need to focus on supporting the reintegration of returning workers into the domestic economy, according to a report by Morgan Stanley. The report noted that inflows from overseas Indian workers have held up well even amid uncertainty in key Gulf economies, highlighting the…
Domestic Capital Fuels 37 pc Jump in India Real Estate Investments: Report
New Delhi, May 4 (BNP): India’s real estate sector recorded a strong uptick in investment activity during the January–March period, with total inflows rising 37 percent year-on-year, according to a report by JLL India. The growth was primarily driven by robust participation from domestic investors, including institutions, family offices, and high-net-worth individuals, highlighting increasing confidence in India’s property market amid global economic uncertainties. The report…
Oriflame Appoints Orkun Gül as Chief Commercial Officer
New Delhi, May 04: Oriflame has announced the appointment of Orkun Gül as its new Chief Commercial Officer (CCO). In this role, Orkun will join the company’s Global Leadership Team and lead its commercial strategy across international markets, as Oriflame strengthens its global business and expands its social selling ecosystem. Orkun Gül brings over two decades of leadership experience across FMCG, direct selling, and network…
India Manufacturing Shows Resilience as PMI Edges Up to 54.7
New Delhi, May 4 (BNP): India’s manufacturing sector saw a slight improvement in activity during April, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI) rising to 54.7 from 53.9 in March, according to a private survey. The reading indicates continued expansion in factory activity, though the pace of growth remains relatively subdued compared to previous years. A PMI above 50 reflects expansion in the…
Mittal–Poonawalla Consortium Buys Stake in Rajasthan Royals in INR 15,660 Crore Deal!
New Delhi,May 4 (BNP): In a major development in the Indian Premier League, UK-based Indian billionaire Lakshmi Mittal and Adar Poonawalla have acquired a significant stake in Rajasthan Royals (RR) through a consortium deal valued at approximately ₹15,660 crore ($1.65 billion). The two business leaders have partnered with existing principal owner Manoj Badale to form a new consortium that will not only control Rajasthan Royals…
Ather Energy Posts Improved Q4 Results, Loss Narrows Significantly
Mumbai, May 4 (BNP): Ather Energy has reported a sharp improvement in its financial performance for the January–March quarter, with net loss narrowing by 57 percent year-on-year. The company posted a net loss of ₹100.23 crore in the fourth quarter, compared with ₹234.36 crore in the same period last year, according to a regulatory filing. The reduction reflects improving operational efficiency and stronger demand in…